Microwave absorbers present a wide range of applications in radar and telecommunications. To improve the microwave absorption characteristics of radar-absorbing structures (RASs), magnetic and dielectric materials are blended in different proportions because the impedance mismatch of dielectric materials, resulting from poor permeability, can be eliminated by a combination with magnetic loss fillers. Herein, E-glass/epoxy composites were prepared by blending multi-walled carbon nanotubes (MWCNTs) with Ni 0.5 Zn 0.5 Fe 2 O 4 (NZF) nanopowder to enhance the composites' microwave absorption. Nanocomposite laminates with different filler contents were fabricated by a simple and low-cost process of in situ polymerisation. The dielectric characteristics were estimated in the X-band, and possible loss mechanisms were studied. A two-layered RAS exhibited a reflection loss of −16 dB for a bandwidth of 2.2 GHz with a matching thickness of 3 mm. The resulting mechanical and thermal properties suggest that the proposed MWCNTs/NZF composite exhibiting good microwave absorption properties can be used in high-performance RASs.